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Not just in-laws (and outlaws); they’ve renowned academics at the helm! An enemy’s enemy is a friend …and of a popular trade leader The brown list of Venkitaramanan Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated New IT products of Ramco in the pipeline… Funding the un-funded Boy, can you beat these? Welcome thrust on trade in Modi’s foreign visits... Alexa – Talking Wikipedia More tributes to GR Kinetic Karnataka Gas is the way forward Medical costs hit the roof... Kudos to NDTV... Godspeed, Chief Minister JJ Modi storms Silicon Valley Fall in crude prices help in oil sector reform Welcome GST WTO Meet: resolved to meet again Which side are you, Montek? For whom the MIDS bell tolls? EVM is tamper-proof Reliance’s TV – 18 ready to launch Tamil News Channel Tax agriculture Cleaning Ganga – relocate tanneries and install electric crematoria Editor's Says The ‘Jayanthi Tax.’ Preserving for the future Five star activism stalls development activity Small units prefers to remain small... Protest masters... Colour-Chem’s colourful KRVS IAS invades NDDB... The ‘Ayyo-yes’ is no more PC’s preference for professionals Whistle-Stop Tour of Raghuram Rajan Paytm karo... Return to king coal for urea... Computation of GDP – conundrums continue Mu Sigma – is no more GNS - 100: our first subscriber Fortune for Indian Airlines More Shakti to resource mobilisation... When Ratan Tata visited SRM Revive development banks... Shaming of Tamils by Tamil farmers at Delhi Moily’s bold thrust When small is no larger beautiful.. Solar thermal shines… Tihar, Puzhal not different from Parappana Agrahara Robber barons everywhere A rich pool of talent not utilised…. 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The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Infrastructure funding – lessons learnt Modi and the lady Breaththrough in malaria control PPP mode for upgrading Corporation Hospitals Naidu will soon build a new Hyderabad Valli, they are more marginalised Why this malaise in medical education? Another Indian music maestro at the UN Gay abandon in pricing When nations steal growth from one another… He continues the focus on social amelioration The nuclear option All eyes on Sankara Nethralaya S V Raju – a ‘good’ true liberal Tough task taking states together EEC at the National Media Centre Delhi Chalo... Airlines in India: cost and space Contrarian cousins This scant respect for Law F C Kohli - his concerns all embracing Limit foreign borrowings to hi-tech, export potential projects... Maximising the micro pricing … Lalu’s envy, India’s pride The rise and fall of Annamalai University China invests in India Build close rapport with business leaders Rs.1600 crore paper board plant of TNPL A glass full of corruption Streamlining mandatory third party cover When TN politicians can emulate Kerala's Vibrant Gujarat Tribute – M V Murugappan Make standards certification mandatory... Shanti and Sadhana through Music When the President was rendered homeless… Poor quality of university VCs A more liberated TN… Strengthen the base... CII projects higher growth… L&T- the specialty of special purpose vehicles S Ramanathan – a versatile musician, musicologist Liberal imports idling indigenous capacities Tribute – Manikam Ramaswami More Shakthi to Das’ elbow Online not in line with brick and mortar businesses... Tatas moving out of urea production... CRS, a jewel among managers, is no more. Parliament in paralysis... Haul over the coal The rise and rise of KCP Where is Rajaji? Cutting the nose to spite the face Remembering Indira Sivasailam... The sea- saw battle continues... Revving up the manufacturing sector SoA @ 80 GM Technology at last! The star of Spencers is no more Building loyalty through the stomach TELANGANA at last…BUT TN accounts for the largest recruits by the IT sector A Grand Finale for SN’s MS centenary at the US… Multi-faceted Venkat Permanent secretariat for TN GIM Like Hinduism: many paths to reach God... TGS- The king storyteller How Air-India loses customs... Poor representation for Kerala and TN in Cabinet R Sridhar steps down as CEO of Shriram Capital Russi Mody – a tribute Shale gas and its shallow future Intellectual of rare qualities Kulandai was a giant More heat than light Diamond jubilee of Egmore Samskrt School TIAM turns a full cycle Plummeting profits of PSBs An informal presentation - analytical, forward locking... Music happens Excel Generators provide the vital back-up Wise Presidents Silver Years of Madras Musings The power-full Hindujas The Swadeshi Trump The Jan Dhan bonanza Road development slows down A Grand Finale for SN’s MS centenary at the US… Put expensive assets created to use... Sri Lanka votes for change Naidu’s return augurs well for Seemandhra Noble nonagenarians... Quality silica from Neyveli Sweeter prospects for sugar Eternal support for capitalisation of PS banks Sweet news for TN sugar mills Recognition to role of NBFCs.... When online building permits work…. MHC should not return to its old indisciplined ways Of course, Gujarat is vibrant Increasing non co-operation of state leaders Readers' Mail The few handicaps... Marketing expert Balagopal is no more Discoms deserve better… Align crops to agro climate endowments… No Maha Koottani in TN... Secularism and anti-Hinduism Focus on quality of power - its only around 170-180V Delhi is distant Banning booze... A think tank for Chennai He saved millions from starvation... A friendly business group IPL type auction for VCs? CSR and CMI: promise of another Srinivasan Ramanujan... Auto components surge… Mersal magnified IPL - no surprise this scam Dr C Rangarajan returns to Chennai
 
When nations steal growth from one another…

Delhi is distant. For long I have been suggesting policy makers in Delhi to visit state capitals and other cities to explain policy and its implications. This should extend to Union ministers including the Prime Minister, secretaries to several departments and other political bigwigs of the party in power. The efforts seem confined to the prime minister through his man ki baat and tweets. I again suggest a change in this by policymakers expanding their contacts at the regional level.

In this background, the initiative of Dr C Rangarajan (CR), to present, initially Chief Economic Advisor Arvind Subramanian and subsequently RBI Governor Raghuram Rajan, was welcome. Both the outstanding economists were alumni of IIM-A and thus it was easy for Dr Rangarajan who was a distinguished professor at IIM-A, to present them at the Madras School of Economics of which CR is the chairman.

In his short visit to the city, Raghuram Rajan didn’t talk  about monetary policy or other facets of current concern.  He chose a subject on India and the international financial system. It was a brilliant analysis on the present state of the global economy struggling to regain momentum in economic growth. His reference to nations attempting to ‘steal’ growth from one another and the reasons for it, provoked a good deal of thought.

A note of thanks to Dr Rangarajan for bringing these luminaries focused on Delhi and Mumbai to Chennai.

 

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